Yitzi Chopp Acquires Mixed-Use Property In Soundview, Bronx For $1.5M
SOLD
$1,500,000
+ 2
New York
See Similar DealsMixed-use10,950 SF
Sold 03/26/2019
SOLD
Yitzi Chopp Acquires Mixed-Use Property In Soundview, Bronx For $1.5M
408 Soundview Avenue, Bronx, NY, USA
See Similar DealsMixed-use10,950 SF
Sold 03/26/2019
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$137
Total Square Footage:10,950 SF
Transaction Type:Sale
A mixed-use property located at 408-412 Soundview Ave in Soundview, Bronx has been sold for a price of $1,500,000. The property spans 10,950 square feet and was purchased by Yitzi Chopp. The sale took place on March 26, 2019, and the property is situated in the Soundview market.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,500,000
- Address: 408-412 Soundview Ave
- Market: Soundview, Bronx
The seller of the property was Chantal Thomas. Representing the buyer in the transaction was Yitzi Chopp. The brokers involved in the deal were Josh Neustadter, Jon Squires, Michael Fioravanti, and Addison Berniker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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